Wednesday 18 January 2017

Green Economics Brings Down Government


Green Party Northern Ireland manifesto for 2016 election


I always knew Green policies were bad because of, among other things the underlying economics, but I never thought I'd see the day when they would bring down a government assembly like it has in Northern Ireland. I blogged about the Renewable Heat Incentive scheme (known as Cash for Ash) before here. For every £1.00 spent on wood pellets, a participant in the scheme got paid £1.60. It didn't dawn on the people in charge that this was an invitation to burn as much wood as possible, effectively leading to the government burning it's own money. And lots of it. 

The cost of this outrageous scheme is estimated to be over £1 billion over the next 20 years. A huge sum for Northern Ireland which relies on a £10 billion block grant from England every year and runs a fiscal deficit of about £ 9 billion. Now there are claims that whisteblowers were ignored and pressure exerted by officials to keep the scheme going. 

You didn't need to be a trained economist to know the scheme couldn't work. Although the Green Party only has 2 seats in the assembly, there is a strong green ethos in the ruling party, the DUP. Their leader, Arlene Foster, took much of the blame and responsibility for the design of the scheme.

I could find no mention of renewables or green energy in the Sinn Fein (the second largest party) manifesto for 2016. It appears it was taken off the agenda in favor of their "Green Paper on Irish Unity".  Their leader, Martin McGuinness who was the Deputy First Minister, resigned last week over the matter forcing another election. 

Hopefully there is a lesson in all this - green policies and green economics are mostly for the scrapheap. The only people they benefit are the very rich in society.

2 comments:

  1. £1 billion down the drain means £1 billion that is not there for hospitals, education, police and other important services. Green policies mean impoverishing people and depriving them from access to necessary services. It means old people getting sick in cold houses and then being unable to be treated in a hospital. Green policies have huge knock on negative effects on the economy and standard of living. Martin McGuinness did the right thing in resigning.

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  2. I addressed the N.I. energy committee in 2014 and warned them about the need to an Strategic Environmental Assessment on their entire energy plans including wind energy. The simply did not want to know. Pat Swords also addressed them but there was no interest in listening to him either. This is nothing compared to the cost of the wind energy scam which is developing north and south of the border. It puts electricity beyond reach of low to middle income earners.

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